Ameresco SUNEL Energy SA Announces 466 MWp Solar Projects in Romania
Ameresco SUNEL Energy SA, a joint venture between Ameresco (NYSE: AMRC) and SUNEL Group, has secured €303.4 million in EPC Contracts for three solar parks in southwestern Romania. The 466 MWp projects will feature over 757,000 fixed-tilt solar modules and are designed to replace coal-fired power generation.
The initiative aligns with Romania's commitment to phase out coal by 2032 and aims to enhance the country's energy security while supporting economic growth. As the EPC provider, Ameresco SUNEL Energy SA will manage design, procurement, construction, commissioning, operation, and maintenance.
The solar parks are expected to offset approximately 734,789 tonnes of CO₂ emissions annually. Construction is scheduled for completion within 18 months, supporting Romania's renewable energy targets and strengthening its position in Europe's clean energy transition.
Ameresco SUNEL Energy SA, una joint venture tra Ameresco (NYSE: AMRC) e SUNEL Group, ha ottenuto contratti EPC per un valore di 303,4 milioni di euro per tre parchi solari nel sud-ovest della Romania. I progetti da 466 MWp prevedono oltre 757.000 moduli solari a inclinazione fissa e sono pensati per sostituire la produzione di energia da carbone.
L'iniziativa è in linea con l'impegno della Romania di eliminare gradualmente il carbone entro il 2032 e mira a rafforzare la sicurezza energetica del Paese, sostenendo al contempo la crescita economica. Come fornitore EPC, Ameresco SUNEL Energy SA gestirà progettazione, approvvigionamento, costruzione, messa in servizio, operatività e manutenzione.
I parchi solari dovrebbero compensare circa 734.789 tonnellate di emissioni di CO₂ all'anno. La costruzione è prevista entro 18 mesi, contribuendo agli obiettivi di energia rinnovabile della Romania e rafforzando la sua posizione nella transizione europea verso l'energia pulita.
Ameresco SUNEL Energy SA, una empresa conjunta entre Ameresco (NYSE: AMRC) y SUNEL Group, ha asegurado contratos EPC por €303,4 millones para tres parques solares en el suroeste de Rumania. Los proyectos de 466 MWp contarán con más de 757,000 módulos solares de inclinación fija y están diseñados para reemplazar la generación de energía a base de carbón.
La iniciativa está alineada con el compromiso de Rumania de eliminar el carbón para 2032 y busca mejorar la seguridad energética del país mientras apoya el crecimiento económico. Como proveedor EPC, Ameresco SUNEL Energy SA gestionará el diseño, la adquisición, la construcción, la puesta en marcha, la operación y el mantenimiento.
Se espera que los parques solares compensen aproximadamente 734,789 toneladas de emisiones de CO₂ anuales. La construcción está programada para completarse en 18 meses, apoyando los objetivos de energía renovable de Rumania y fortaleciendo su posición en la transición europea hacia la energía limpia.
Ameresco SUNEL Energy SA는 Ameresco(NYSE: AMRC)와 SUNEL Group의 합작 투자 회사로서 루마니아 남서부에 위치한 세 개의 태양광 발전소에 대해 3억 3,040만 유로 규모의 EPC 계약을 체결했습니다. 466 MWp 용량의 이 프로젝트들은 757,000개 이상의 고정 경사 태양광 모듈을 사용하며 석탄 발전을 대체할 목적으로 설계되었습니다.
이 사업은 2032년까지 석탄 사용 중단을 목표로 하는 루마니아의 약속과 부합하며, 국가 에너지 안보 강화와 경제 성장 지원을 목표로 합니다. EPC 공급업체인 Ameresco SUNEL Energy SA는 설계, 조달, 건설, 시운전, 운영 및 유지보수를 담당합니다.
이 태양광 발전소들은 연간 약 734,789톤의 이산화탄소 배출량을 상쇄할 것으로 예상됩니다. 건설은 18개월 내에 완료될 예정이며, 루마니아의 재생에너지 목표 달성과 유럽의 청정에너지 전환 강화에 기여할 것입니다.
Ameresco SUNEL Energy SA, une coentreprise entre Ameresco (NYSE : AMRC) et le groupe SUNEL, a obtenu des contrats EPC d’une valeur de 303,4 millions d’euros pour trois parcs solaires dans le sud-ouest de la Roumanie. Les projets de 466 MWc comprendront plus de 757 000 panneaux solaires fixes et sont conçus pour remplacer la production d’énergie au charbon.
Cette initiative s’inscrit dans l’engagement de la Roumanie à abandonner le charbon d’ici 2032 et vise à renforcer la sécurité énergétique du pays tout en soutenant la croissance économique. En tant que fournisseur EPC, Ameresco SUNEL Energy SA prendra en charge la conception, l’approvisionnement, la construction, la mise en service, l’exploitation et la maintenance.
Les parcs solaires devraient compenser environ 734 789 tonnes d’émissions de CO₂ par an. La construction est prévue dans un délai de 18 mois, contribuant aux objectifs roumains en matière d’énergie renouvelable et renforçant sa position dans la transition européenne vers une énergie propre.
Ameresco SUNEL Energy SA, ein Joint Venture zwischen Ameresco (NYSE: AMRC) und der SUNEL Group, hat EPC-Verträge im Wert von 303,4 Millionen Euro für drei Solarparks im Südwesten Rumäniens gesichert. Die 466 MWp-Projekte werden über 757.000 feststehende Solarmodule umfassen und sind darauf ausgelegt, die Kohleverstromung zu ersetzen.
Die Initiative steht im Einklang mit Rumäniens Verpflichtung, bis 2032 aus der Kohleverstromung auszusteigen, und zielt darauf ab, die Energiesicherheit des Landes zu verbessern und gleichzeitig das Wirtschaftswachstum zu fördern. Als EPC-Anbieter wird Ameresco SUNEL Energy SA die Planung, Beschaffung, den Bau, die Inbetriebnahme, den Betrieb und die Wartung übernehmen.
Die Solarparks sollen jährlich etwa 734.789 Tonnen CO₂-Emissionen einsparen. Der Bau soll innerhalb von 18 Monaten abgeschlossen sein, was Rumäniens Ziele im Bereich erneuerbare Energien unterstützt und seine Position in Europas sauberer Energiewende stärkt.
- Secured large €303.4M EPC contracts for 466 MWp solar projects
- Projects support expansion into European renewable energy market
- Significant environmental impact with 734,789 tonnes annual CO₂ offset
- Strategic positioning in Romania's energy transition from coal
- 18-month construction period before revenue generation
- Significant capital deployment and execution risk for large-scale projects
Insights
Ameresco secures major €303.4M solar EPC contract in Romania, representing significant revenue potential relative to its $530M market cap.
Ameresco's announcement of
The strategic importance of this deal extends beyond immediate financials. By expanding its European footprint, Ameresco is diversifying beyond its traditional North American base into markets with strong renewable growth trajectories. Romania's commitment to phase out coal by 2032 creates a sustained market opportunity, potentially establishing Ameresco as a key player in Eastern Europe's energy transition.
While EPC contracts typically carry lower margins than Ameresco's owned energy assets, the operations and maintenance component mentioned could provide valuable recurring revenue streams post-construction. The scale of these projects—featuring over 757,000 solar modules—provides significant economies of scale that should support reasonable margin performance.
This contract represents approximately
Ameresco's major Romanian solar project strengthens European presence, leveraging coal phase-out policies while expanding renewable portfolio beyond US market.
The 466 MWp Romanian solar development represents a strategic win for Ameresco as it navigates geographic expansion beyond its core US market. This project directly supports Romania's legally-binding commitment to phase out coal by 2032, positioning Ameresco at the forefront of Eastern Europe's energy transition. The timing is particularly advantageous as the EU continues implementing its REPowerEU initiative, which aims to accelerate renewable deployment amid energy security concerns.
The technical specifications—over 757,000 fixed-tilt solar modules—indicate this is a utility-scale deployment optimized for Romania's southwestern region, known for strong solar resources. The projected annual carbon offset of 734,789 tonnes demonstrates significant environmental impact, enhancing Ameresco's ESG credentials while delivering toward Romania's climate commitments.
What's particularly notable is Ameresco's partnership approach. By forming a joint venture with SUNEL Group, an established international solar EPC contractor, Ameresco mitigates execution risk while gaining essential local market expertise. This partnership model could become a blueprint for Ameresco's further international expansion.
The contract includes operations and maintenance responsibilities, creating potential for long-term revenue streams beyond the initial construction phase. This moves Ameresco beyond simple EPC work into longer-duration relationships with clients, stabilizing revenue projections beyond the 18-month construction timeline.
For Ameresco, traditionally focused on energy efficiency and smaller-scale renewables, successfully executing these large utility-scale projects represents significant capability expansion and potential for similar future contracts across Europe's rapidly evolving energy landscape.
As the Engineering, Procurement, and Construction (EPC) contract provider, Ameresco SUNEL Energy SA is dedicated to ensuring the highest efficiency and environmental standards. Ameresco SUNEL Energy SA will oversee the design, procurement, construction, commissioning, operation, and maintenance.
"These projects exemplify our commitment to advancing renewable energy solutions and underscore the importance of
The projects will feature over 757,000 fixed-tilt solar modules, designed to maximize energy capture and efficiency while contributing to the region’s transition away from coal-fired power generation. Once fully operational, the solar parks are expected to offset approximately 734,789 tonnes of CO₂ emissions annually, contributing to Romania’s and Europe’s broader net-zero commitments.
“Romania’s vast solar potential, combined with strategic investments in renewable energy, will position the country as a leader in Europe’s clean energy transition,” commented Konstantinos Zygouras, Vice President at Ameresco SUNEL Energy SA. “We are proud to partner with OMV Petrom CEO to drive this ambitious project forward, fostering economic growth while contributing to a more sustainable future.”
Construction of the projects is expected to be completed within 18 months, bringing
To learn more about solar power solutions offered by Ameresco, visit https://www.ameresco.com/solution-solar-power/
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading energy solutions provider dedicated to helping customers reduce costs, enhance resilience, and decarbonize to net zero in the global energy transition. Our comprehensive portfolio includes implementing smart energy efficiency solutions, upgrading aging infrastructure, and developing, constructing, and operating distributed energy resources. As a trusted full-service partner, Ameresco shows the way by reducing energy use and delivering diversified generation solutions to Federal, state and local governments, utilities, educational and healthcare institutions, housing authorities, and commercial and industrial customers. Headquartered in
About SUNEL Group
SUNEL Group is an international EPC contractor and Developer. Founded in 2006 by Greek stakeholders, the group has won the trust of the international investment community by its professionalism, reliability, efficiency, and work ethic, thus creating a strong and recognizable brand. Since 2012, Sunel has been rapidly expanding, by establishing operational centers in
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of Ameresco’s overall revenue for any particular period or of trends in Ameresco’s overall total project backlog. Ameresco’s share of this project was included in its previously reported contracted backlog as of December 31, 2024.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250417569645/en/
Media Contact:
Ameresco: Leila Dillon, 508-661-2264, news@ameresco.com
Source: Ameresco, Inc.
FAQ
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